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\t\t<\/span><\/p>\n <\/span><\/p>\n \n \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":" * Optimism about Spain bailout helps markets * Brent crude up over 1 pct on day but 4.5 pct lower for week * Gold comes within striking range of 2012 high * Copper rises on hopes over Fed, ECB stimulus measures * Wheat rallies as Russia raises possibility of export curbs By Barani Krishnan NEW […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-14861","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=14861"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14861\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=14861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=14861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=14861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}* Optimism about Spain bailout helps markets\n * Brent crude up over 1 pct on day but 4.5 pct lower for\nweek\n * Gold comes within striking range of 2012 high\n * Copper rises on hopes over Fed, ECB stimulus measures\n * Wheat rallies as Russia raises possibility of export curbs\n\n By Barani Krishnan\n NEW YORK, Sept 21 (Reuters) - Oil prices rose for a second\nday and most other commodities gained on Friday after a rocky\nstart to the week as investors turned more positive about the\neconomic outlook and the likelihood cash-strapped Spain will\nobtain a rescue.\n Gold rose to within a whisker of its 2012 high, helped by\ntechnical momentum and the impact of stimulus efforts undertaken\n by the U.S. Federal Reserve and the European Central Bank.\n Copper ended up on speculation the monetary stimulus will\nboost liquidity and demand for metals in the global economy,\nespecially in China, with its huge raw materials needs.\n On the agricultural side, wheat prices rallied as Russia's\neconomy minister raised the possibility of grain export curbs by\nthe world's third-largest wheat shipper. \n The Thomson Reuters-Jefferies CRB index finished up\n0.7 percent after 15 of the 19 commodities on the index settled\nhigher. Natural gas and coffee led gains, rising about 3 percent\neach.\n Even so, the CRB ended the week down by nearly 4 percent\nafter weakness in the first four sessions. The loss came on a\nbroad selloff as investors focused on signs of weak growth after\nhaving built bullish positions for weeks, anticipating easing by\nmajor central banks.\n \"We've skimmed a little froth out of the market in the sense\nthat it probably got a little bit overbought within a very\nconcentrated period of time against a background of global\neasing,\" said Michael Turek, senior director on Newedge's New\nYork metals desk.\n Brent crude oil in London settled up 1.3 percent at\n$111.42 a barrel on speculation that Spain may soon request\nfinancial aid to help ease its debt crisis. \n Oil was also supported by unrest in the Middle East and\nNorth Africa, and delays in North Sea oil shipments. U.S. crude\n finished up 47 cents at $92.89.\n For the week, however, both markets fell, with Brent\ntumbling 4.5 percent drop and U.S. crude falling almost 6\npercent. The week's losses resulted from a combination of\neconomic worries, rising U.S. crude stockpiles and talk that\nSaudi Arabia was willing to supply more oil to tame prices.\n The spot price of gold was up 0.3 percent at\n$1,772.96 an ounce by 3:20 p.m. (1920 GMT) after hitting a high\nof $1,787.20, within reach of the 2012 high of $1,790.30.\n Investors have been aggressively buying short-dated call\noptions in gold with the $2,000 an ounce strike price, said\nJeffrey Sherman, commodity portfolio manager at DoubleLine\nCapital LP, which manages $45 billion in assets.\n \"There are a lot of hedge funds that bought call options a\nweek or two ago. There have been big buyers after the Fed has\ncommitted to the monetization of debt,\" Sherman said.\n Three-month copper on the London Metal Exchange \nended up $16.50 at $8,281.50 per tonne. Earlier in the week, it\nhit a 4-1\/2 month high of $8,422, before touching a low of\n$8,266 in Friday's session.\n \"I don't see anything destructive in the fact that we are\nstill knocking around $8,300. I would call that mildly\nconstructive,\" said Turek of Newedge.\n U.S. wheat prices jumped 2 percent after Russia, which\naccounted for 14 percent of the world's wheat trade in 2011\/12,\nsaid it may curb exports of the grain if domestic prices\ncontinued to rise. \n Any restriction on Russian exports would open the door to\nincreased sales of U.S. and European wheat, traders said,\nalthough a large percentage of the U.S. wheat supply is already\ncommitted and shipped out.\n Wheat futures for December delivery on the Chicago\nBoard of Trade rose 17-3\/4 cents to $8.97-1\/4 a bushel, passing\nthrough its 50-day moving average. For the week, the contract\nposted a slight loss, its first decline in four weeks.\n Prices at 4:33 p.m. EDT (2032 GMT) \n LAST\/ NET PCT YTD\n CLOSE CHG CHG CHG\n US crude 93.08 0.66 0.7% -5.8%\n Brent crude 111.59 1.56 1.4% 3.9%\n Natural gas 2.885 0.088 3.1% -3.5%\n \n US gold 1778.00 7.80 0.4% 13.5%\n Gold 1773.04 5.85 0.3% 13.4%\n US Copper 380.35 3.10 0.8% 10.7%\n LME Copper 8281.50 11.50 0.1% 9.0%\n Dollar 79.363 -0.048 -0.1% -1.0%\n CRB 308.980 2.050 0.7% 1.2%\n \n US corn 751.00 1.50 0.2% 16.2%\n US soybeans 1622.00 4.25 0.3% 35.3%\n US wheat 908.00 16.50 1.9% 39.1%\n \n US Coffee 173.30 4.70 2.8% -24.1%\n US Cocoa 2521.00 2.00 0.1% 19.5%\n US Sugar 19.38 0.17 0.9% -16.6%\n \n US silver 34.567 -0.051 -0.1% 23.8%\n US platinum 1637.10 13.70 0.8% 16.5%\n US palladium 670.05 10.45 1.6% 2.1%<\/pre>\n